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India against taking up environment issues at WTO: Suresh Prahbu

He said environment and environmental products would also find place in the new policy as it would focus on sustainability issues

Press Trust of India  |  New Delhi 

Suresh Prabhu
Suresh Prabhu

today said it is against taking up environment issues at the Trade Organization (WTO) as they are not linked with trade and commerce.

Rich nations want WTO members to discuss and agree on new issues such as labour, e-commerce, environment and sustainable goods and government procurement.

"There is a separate for environment. WTO deals only with trade issues," said.

"But, at the same time, even while doing trade, we should not overlook the importance of bringing in environmental issues. We are concerned about it, though we will not like to have an agreement on environment in WTO. That part we do not want," he said here at a function - 'Connect karo'.

Further, talking about the new industrial policy, Prabhu said it is circulated to all stakeholders and after getting the comments, the commerce and industry ministry would approach the Union cabinet for approval.

He said environment and would also find place in the new policy as it would focus on sustainability issues.

"We have already circulated it (the draft policy) to all stakeholders. Once we get the comments, we will go to the cabinet. In that (policy), we are identifying some of the key industries which will be the futuristic industries," he added.

The proposed policy will completely revamp the Industrial Policy of 1991.

The (DIPP), under the ministry, in August last year floated a draft industrial policy with the aim to create jobs for the next two decades, promote and attract USD 100 billion FDI annually.

First Published: Wed, April 04 2018. 17:03 IST